Guild Mortgage faces federal charges of improper origination and underwriting practices on its FHA-backed loans. The suit was filed by the U.S. District Court for the District of Columbia and announced by HUD and Urban Development this morning.
Read More »Retirees Stuck in Buying vs. Renting Dilemma
Should retirees plan to buy a home or rent one once their working days are done? According to a newly released Rent vs. Buy Report from Trulia, that depends on the legacy they want to leave behind.
Read More »Appraiser, Homeowner Values Remain Disparate
Homeowner optimism is continuing to outpace that of actual property appraisal values, according to a report from Quicken Loans.
Read More »OCC Head Emphasizes Innovation in Finance
In his speech at the American Banker Retail Banking Conference in Las Vegas today, Comptroller of the Currency Thomas Curry spoke to the importance of innovation in the financial services industry–especially amidst the constantly changing technological environment.
Read More »CFPB Offers Lenders a Helping Hand
Since the initial implementation of these rules, the CFPB has made several moves to expand the definitions of “small creditor” and “rural area,” but before the HELP Act, smaller lenders were only eligible for special provisions if more than half its loans were in rural or underserved areas.
Read More »Refinances Could Be Poised for a Major Upswing
The number of borrowers who could either qualify for or benefit from a mortgage refinance has skyrocketed by 1.5 million since January 1.
Read More »Richmond Fed President: Central Bankers Can Spur Economic Growth
In a speech at the Johns Hopkins Carey Business School, President of the Federal Reserve Bank of Richmond Jeffrey M. Lacker discussed monetary policy, inflation, and how the central bank can help spur economic growth.
Read More »Top 5 Most Stable Housing Markets Led by Employment, Current Mortgages
See which markets are unwavering in terms of the number of purchase applications, payment-to-income ratio, mortgage payments, and employment.
Read More »Tough Road to Travel for First Time Homebuyers
First-time homebuyers have more problems to face than just dwindling supply and higher demand: Income requirements for mortgage lending are also on the rise.
Read More »Rising from the Ranks
A growing number of women are making successful careers in the traditionally male-dominated mortgage industry, but the boardroom remains populated primarily by men. This article examines the strides that women have been making in traditionally male-dominated mortgage and financial sectors. Editor's note: This select print feature appears in the August 2015 edition of MReport magazine, available now.
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